Key Points
- Major shareholder Robert Haas sold 100,000 shares of Levi Strauss stock on May 18 at an average price of $21.13, totaling about $2.11 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Levi Strauss reported stronger-than-expected quarterly results, with earnings per share of $0.42 versus the $0.37 estimate and revenue of $1.74 billion versus the $1.65 billion forecast. Revenue rose 14.1% year over year.
- Analysts remain upbeat on the stock, with 12 Buy ratings and 3 Hold ratings giving Levi Strauss a consensus rating of Moderate Buy and an average price target of $26.69. The company also pays a quarterly dividend of $0.14, or $0.56 annually, for a yield of about 2.7%.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) major shareholder Robert Haas sold 100,000 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $21.13, for a total transaction of $2,113,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Levi Strauss & Co. Trading Down 1.0%
LEVI opened at $20.76 on Wednesday. Levi Strauss & Co. has a 1-year low of $16.50 and a 1-year high of $24.82. The stock has a market capitalization of $7.98 billion, a PE ratio of 13.22, a PEG ratio of 1.58 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $20.62 and a two-hundred day moving average price of $21.04.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company's revenue was up 14.1% on a year-over-year basis. As a group, equities analysts anticipate that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.
Levi Strauss & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. Levi Strauss & Co.'s payout ratio is currently 35.67%.
Institutional Trading of Levi Strauss & Co.
Large investors have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $26,000. US Bancorp DE increased its stake in Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker's stock worth $26,000 after purchasing an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock worth $51,000 after purchasing an additional 1,879 shares in the last quarter. 69.14% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Levi Strauss & Co. in a research note on Monday, May 4th. Jefferies Financial Group assumed coverage on shares of Levi Strauss & Co. in a research report on Wednesday, February 4th. They set a "buy" rating and a $25.00 target price on the stock. Telsey Advisory Group restated an "outperform" rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st. BTIG Research restated a "buy" rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Finally, Wall Street Zen upgraded shares of Levi Strauss & Co. from a "hold" rating to a "strong-buy" rating in a research report on Saturday, April 11th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Levi Strauss & Co. presently has an average rating of "Moderate Buy" and an average price target of $26.69.
Read Our Latest Analysis on Levi Strauss & Co.
About Levi Strauss & Co.
(
Get Free Report)
Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.
The company's flagship label, Levi's®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi's, cater to diverse price points and consumer segments.
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